With limited financing options, increasing investment efficiency will be a critical avenue to building infrastructure … scores for a wide range of countries employing metrics of infrastructure quantity and utilization. We find that efficiency … inefficiencies could increase infrastructure output by 55 percent overall, when averaging across 12 estimation approaches …

The paper investigates the growth effects of public capital in Portugal using annual data for the period 1965-95. Both …-term determinant of output growth. The size of the estimated production elasticity indicates, in line with studies for other countries …, a substantial growth payoff from public investment. Disaggregating public capital shows that investment related to …

Recent literature has explored the relationship between efficiency-adjusted public capital and economic growth. A … debate on whether capital grants, and especially EU funds actually contribute to growth has gained prominence lately. This … paper empirically assesses the relationship between the quality of public investment, capital grants, and growth in a sample …

This paper explores the macroeconomic effects of improving public infrastructure in the Philippines. After benchmarking … the Philippines relative to its neighbors in terms of level of public capital and quality of public infrastructure, and … and improving public investment efficiency. The main results are as follows: (i) increasing public infrastructure …

This paper examines trends in infrastructure investment and its financing in low-income developing countries (LIDCs …). Following an acceleration of public investment over the last 15 years, the stock of infrastructure assets increased in LIDCs …, even though large gaps remain compared to emerging markets. Infrastructure in LIDCs is largely provided by the public …

taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central … to this decision. Specifically, while costs are front-loaded for both types of investment, the growth benefits of schools …. A 'big push,' by accelerating growth outcomes, mitigates myopia-but at the expense of greater risks to fiscal and debt …

unemployment with efficiency wages. Typically P3s cost more but produce higher-quality infrastructure and boast a better on …, underinvestment in infrastructure, unemployment and poverty. The asymmetric impact on macro externalities raises the social return in …

explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy … spending cuts requires sharp macroeconomic adjustments, crowding out private investment and consumption and delaying the growth …